Ethereum Foundation Determination is “Very” Bullish for ETH

Ethereum (ETH) up 15.8 percent $30 million set aside for Ethereum’s ecosystem development The Ethereum Foundation appears to be fast-tracking Ethereum 2.0 development after committing $30 million. Once Ethereum 2.0 activation, ETH bulls will benefit, and prices may soar back to their all-time highs. Ethereum Price Analysis Fundamentals Overly, Bitcoin price expansion in the last seven weeks or so was beneficial for altcoins, especially Ethereum (ETH). In May alone, the second most liquid asset rallied 55 percent after sinking to $75 in Dec 2018. However, with streams of supportive fundamentals…

Tether Limited “Investing” in Bitcoin (BTC) is a Bullish Signal

Bitcoin (BTC) ranging but stable A portion of Tether reserves was used to invest in Bitcoin (BTC) Tether and iFinex, the parent company, are controversial though they play a crucial role in the ecosystem. Despite their claim that every USDT in circulation is pegged 1:1 against the USD, it appears that they are also investing in Bitcoin and other assets according to the latest Supreme Court transcript. Bitcoin Price Analysis Fundamentals The controversy around Tether Limited, the official issuer of USDT or Tether, appears to be perpetual. A few weeks…

This Painfully Boring CNBC Crypto Debate Is Bullish as Hell for Bitcoin

By CCN: If you’re looking for reasons behind bitcoin’s recent price surge, this video tells the whole story. Because it’s so completely dull. Has bitcoin gone too far, too fast? Here’s how two traders are thinking about bitcoin futures. via @CNBCFuturesNow https://t.co/StSHvYGYD9 pic.twitter.com/aHKgt62GNe — CNBC (@CNBC) May 22, 2019 The two established analysts with decades of trading experience talk about bitcoin with maturity and logic. They make a strong case for allocating portfolio funds to crypto, and no-one mentioned bubbles or scams. The way people talk about bitcoin is changing,…

During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto

In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board. According to the report, fiat-to-crypto exchanges enjoyed an impressive 85 percent uptick in monthly trading volumes in April 2019. Bithumb, UPbit and Bitfinex were the highest performing of these, with volumes amounting to $17 billion, $8.7 billion and $6.7 billion, respectively. It’s worth noting that Bitfinex was found to within the…

Ethereum Price Spikes 9% to Break the Ceiling with Bullish Bitcoin Raging

By CCN: The price of Ethereum (ETH) has surged by nine percent against the U.S. dollar in the past 24 hours following the 38 percent rally of bitcoin in the past 30 days. The price of Ethereum has spiked 9 percent on the day against the U.S. dollar (source: coinmarketcap.com) The recovery of Ethereum was somewhat expected by traders as the asset demonstrated a lackluster performance in the first quarter of 2019. While the bitcoin price recorded a staggering 110 percent gain against the U.S. dollar year-to-date, prior to its…

Bitcoin (BTC) Price Forecast Remains Bullish: Bulls Target $8.5K and $9K

Bitcoin price surged more than 10% and broke the key $8,000 barrier against the US Dollar. The price traded to a new 2019 high close to $8,180 and remains in a strong uptrend. There is a short term bullish pattern forming with resistance near $8,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further towards $8,500 once it breaks $8,050 and $8,100. Bitcoin price rallied significantly and broke $8,000 against the US Dollar. BTC bulls remain in full control and they are…

Bitcoin Price Rages Bullish for 4th Straight Month in 2019: Report

By CCN.com: Whichever way you slice it the technical picture continues to look more and more bullish for Bitcoin. There is a distinct dip-buying pattern in BTC/USD, and the latest trough has been bought once again today. SFOX’s monthly cryptocurrency volatility outlook is here, and once more the fundamentals are bullish for the 4th straight month. Clear dip-buying in play as Bitcoin’s rally nears $6000- Yahoo Finance The three cornerstones of SFOX’s outlook are price momentum, sentiment and the advance of crypto as a sector. Their latest report sees strong…

Sprott CEO Predicts Bullish Future for Blockchain-Based Digital Gold

Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on May 7. Regarding the day-to-day usability of gold — and how blockchain improves the situation — Grosskopf remarks: “I think it was quite realistic to criticize gold because you weren’t gonna go to a gas station and pay for your fill-up with gold coins. But now, when gold can be digitized, put on the blockchain — moved around very…

Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish

Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar. The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken. Yesterday’s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions. Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is…

Bitcoin Has Stronger Bullish Potential than Altcoins, Here’s Why

The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts. In contrast, other top crypto assets including Litecoin, Ethereum, and EOS failed to close above a similar level in their respective markets, as shown below. Bitcoin Price Closing Above a Key Resistive Junction | Source: Josh Rager, Twitter Historical Significance Rager considered $4769.03 as a significant resistance level for bitcoin.…